Monthly Archives: June 2020

PayPal is Hiring Crypto Engineers Amid Rumors of Bitcoin Integration

There are two public-facing job listings for crypto pros to go to work for PayPal. PayPal is hiring crypto and blockchain experts amid rumors that the global payment platform will enable direct cryptocurrency purchases for its 305 million users. The job descriptions they’re hiring for are publicly available on the company’s own job board. The first listing of note is for a job titled “Technical Lead – Crypto Engineer.” The listing describes that this person will be responsible for “new initiatives for PayPal global with a focus […]

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Chinese City Issues Post-Pandemic Consumer Vouchers on the Blockchain

Nanjing, China is basically using the blockchain to drive a local economic stimulus program. In order to reduce the COVID-19 pandemic’s impact on business, Chinese governments at all levels have been coming up with different policies and solutions to help the economy survive.  Nanjing, the capital of China eastern Jiangsu province, is one of the first cities in China to leverage blockchain technology and issue so-called “consumption vouchers” on the blockchain as a kind of crypto-driven stimulus package, according to a local news report on June 23. […]

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3 Reasons Why DeFi Tokens Are Outperforming Bitcoin Price

DeFi-based tokens are posting double digits gains and outperforming Bitcoin but can the rally continue? Decentralized Finance (DeFi) has been a rapidly growing sector in the crypto space and although the volume of the DeFi ecosystem yet to surpass that of the general crypto market, the new way of lending and saving has garnered positive media coverage and “praise”.  DeFi shows great promise and the market is starting to reflect this, as many DeFi-based tokens have been pumping strongly in 2020, with some tokens showing gains above […]

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Bitcoin ASIC Miner Manufacturing Domination: Bitmain and Microbt Battle for Top Positions

On June 16, 2020, Bitmex researchers published a report that noted bitcoin mining rig manufacturers have consolidated a great deal and in the future, Bitmex researchers predict that “only 2 to 3 players will survive into the longer term.” There’s still a number of SHA256 mining rig manufacturers today, and regional reports claim that the manufacturer Ebang expects to be listed on Nasdaq this week. At the time of writing, there are at least 8-10 reputable mining rig manufacturers including Innosilicon, Strongu, Bitfury, and Pantech. However, the […]

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5 Surprising Facts From Gavin Andresen’s Sworn Deposition

Andresen makes some flattering comparisons between Satoshi Nakamoto and himself. The recently released deposition of Gavin Andresen in the case of Kleiman v. Wright sheds new light on the personalities of Craig Wright, Satoshi Nakamoto, and not least of all, Andresen himself. Craig Wright called himself a fraud In an email to Andresen, Wright apparently admitted to being a fraudster: “I am a fraud, but I am a fraud that is free to work on what I need to do.” Perhaps this admission (now in public domain) […]

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Filipino Crypto Scammers Are Impersonating Government Officials for Profit

The Philippines Department of Finance warns people that Bitcoin Revolution uses government officials’ names to spread fake news endorsing their business. Another Filipino finance entity issued a warning against the alleged crypto Ponzi scheme Bitcoin Revolution, accusing them of impersonating the country’s president, as well as its finance and treasury officials.  According to the Department of Finance (DOF) in an alert published on June 21, Bitcoin Revolution has been using the name of Secretary of Finance Carlos Dominguez III to promote what the watchdog claims is a […]

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Analyst: Half of Crypto’s Top 10 Assets ‘Absolutely Do Not Deserve’ to Be There

The co-founder of crypto research house Blockfyre suggested that five of the top ten cryptocurrencies by market cap did not deserve to be there. Simon Dedic has beef with crypto rankings. The co-founder of crypto research house Blockfyre specifically suggests that five of the top ten cryptocurrencies by market cap don’t deserve their high-profile spot. In an inflammatory June 21 tweet, Dedic called out XRP, Bitcoin Cash, Bitcoin Satoshi’s Vision, Litecoin and EOS and said he “can’t wait” until other assets replace them. Rather than simply kicking […]

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How Is Blockchain Improving Gaming? Is Adam Back Satoshi Nakamoto? Samson Mow Explains

Blockstream CSO Samson Mow explains the optimal use for blockchain in gaming and why he doesn’t believe Adam Back is Satoshi Nakamoto. Blockstream CSO Samson Mow explored a variety of topics in his latest interview on Cointelegraph’s YouTube channel. Watch the full interview above and be sure to subscribe to the channel for more weekly crypto content! Blockchain in Gaming Mow is not only the chief strategy officer at Blockstream, but also the founder and CEO of game development company Pixelmatic. He created the company after working […]

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CBDCs Don’t Fix Broken Monetary Policy, Say Execs at Stablecoin Saga

CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking. As countries around the world dive into central bank digital currencies (CBDC), many in the crypto industry look forward to what that means for adoption and even lucrative partnerships to develop such tokens. However, at least some commentators have noted that national CBDCs will likely disappoint those looking to update monetary policy. “A change in packaging” Speaking to Cointelegraph, Ido Sadeh Man and Barry Topf — respectively […]

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PlusToken Moves $67 Million to Unknown Wallet, Signalling a Potential EOS Dump

We only need to look to recent history for what this transaction means. A wallet associated with alleged crypto Ponzi scheme PlusToken has moved 26,316,339 EOS tokens (worth over $67 million as of press time) to an anonymous crypto wallet created less than 24 hours ago. The transaction was spotted by tracking service Whale Alert earlier today. PlusToken is believed to be one of the largest scams in the cryptocurrency history, as it reportedly held almost $3 billion worth of assets including Bitcoin (BTC), Ethereum (ETH) and […]

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